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Burke, Edmund, 1729-1797

"The Works of the Right Honourable Edmund Burke, Vol. 08 (of 12)"

"
As to the combination of this mode of remittance with the Company's
investment, nothing can be affirmed concerning it until some
satisfactory assurance can be held out that such an investment can ever
be realized. Mr. Hastings and the gentlemen of the Council have not
afforded any ground for such an expectation. That the Indian trade may
become a permanent vehicle of the private fortunes of the Company's
servants is very probable,--that is, as permanent as the means of
acquiring fortunes in India; but that _some profit_ will accrue to the
Company is absolutely impossible. The Company are to bear all the charge
outwards, and a very great part of that homewards; and their only
compensation is the surplus commission on the sale of other people's
goods. The nation will undoubtedly avoid great loss and detriment, which
would be the inevitable consequence of the total cessation of the trade
with Bengal and the ships returning without cargoes. But if this
temporary expedient should be improved into a system, no occasional
advantages to be derived from it would be sufficient to balance the
mischiefs of finding a great Parliamentary corporation turned into a
vehicle for remitting to England the private fortunes of those for whose
benefit the territorial possessions in India are in effect and substance
under this project to be _solely_ held.


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